Economics Level 3

ECO301
Course Description

Teacher in Charge: Mr Belton

Economics

The NCEA Level 3 course has three sections; 

Section A investigates the ways in which markets should ideally operate to efficiently allocate scarce resources in the attempt to best satisfy the unlimited wants of society. 

Section B challenges the ‘purity’ of the free market by inquiring into the ways markets can fail, then allows students to investigate various ways government may intervene to try and correct these market failures in society’s interest. 

Section C involves the study of macro-economic theory and the pros and cons of various policies governments may use to manage the macro-economy.

Students may also study for Scholarship and/or a Level 1 university paper in Economics. 





Contributions and Equipment/Stationery

Workbooks $24


Recommended Prior Learning

Level 2 Economics is an advantage, but not essential. Those choosing to pick up the subject for the first time at Level 3 will need to get HOD approval and be reasonably competent in Mathematics. Summer reading will help to fill any knowledge and skills gaps. 


Credit Information

This course is eligible for subject endorsement.

This course is approved for University Entrance.

Assessment
Level
Internal or
External
Credits
L1 Literacy Credits UE Literacy Credits Numeracy Credits
A.S. 91403 v2 Economics 3.5 - Demonstrate understanding of macro-economic influences on the New Zealand economy
3
E
6
Y
6r,6w *
A.S. 91402 v3 Economics 3.4 - Demonstrate understanding of government interventions where the market fails to deliver efficient or equitable outcomes
3
I
5
Y
5r *
A.S. 91401 v2 Economics 3.3 - Demonstrate understanding of micro-economic concepts
3
I
5
Y
5r *
A.S. 91400 v2 Economics 3.2 - Demonstrate understanding of the efficiency of different market structures using marginal analysis
3
E
4
Y
4r,4w *
A.S. 91399 v2 Economics 3.1 - Demonstrate understanding of the efficiency of market equilibrium
3
E
4
Y
4r,4w *
Total Credits
Approved subject for University Entrance

Number of credits that can be used for overall endorsement: 24

* Only students engaged in learning and achievement derived from Te Marautanga o Aotearoa are eligible to be awarded these subjects as part of the requirement for 14 credits in each of three subjects.

Total Credits Available: 24 credits.
Externally Assessed Credits: 14 credits.
Internally Assessed Credits: 10 credits.

Pathway Tags

Prime Minister, Office Manager, Accounts Officer, Banking, Insurance, Business Consultant, Mortgage Broker, Retail Buyer, Accountant, Auditor, Finance Manager, Financial Adviser, Currency Dealer, Economist, Statistician, Secondary School Teacher, Tertiary Lecturer, Property Manager, Real Estate, Valuer, Business Owner, Business Manager, Advisor, Consultant, Policy Analysis, Business Journalist


Disclaimer

Courses outlined will only be available in 2020 if sufficient students wish to take them AND appropriate staff are available to teach them. Courses that do not run may be offered through distance learning and be supported by the Distance Learning Department.